Tuesday, December 23, 2025
    ADVT 
    National

    Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO

    Darpan News Desk The Canadian Press, 10 Jul, 2025 10:57 AM
    • Canada Infrastructure Bank set to fall well short of 2028 investment target: PBO

    Parliament's fiscal watchdog says the Canada Infrastructure Bank is more than $20 billion short of its investment targets for the coming years.

    In a new report, the Office of the Parliamentary Budget Officer says the infrastructure bank is on track to disburse $14.9 billion by 2027/28 — well below its $35-billion goal.

    That sum is also $1 billion lower than earlier PBO projections from 2021.

    The bank invests alongside private and public sector partners to help get green energy and other infrastructure projects off the ground in Canada.

    The report says the infrastructure bank has already hit its goal of investing $1 billion in Indigenous-led projects.

    The infrastructure bank also has sector-specific investment goals for five priority areas, but the PBO says the Crown corporation is not on track to meet any of those targets either.

    Picture Courtesy: THE CANADIAN PRESS/Jeff McIntosh

    Prev Next

    MORE National ARTICLES

    Bank of Canada holds key rate steady amid trade war, economic uncertainty

    Bank of Canada holds key rate steady amid trade war, economic uncertainty
    The Bank of Canada left its benchmark interest rateunchanged Wednesday as it waits to get a clearer picture ofhow global trade uncertainty is going to impact the Canadian economy.

    Bank of Canada holds key rate steady amid trade war, economic uncertainty

    Ontario to loosen internal trade, remove barriers on alcohol and labour mobility

    Ontario to loosen internal trade, remove barriers on alcohol and labour mobility
    Ontario has tabled legislation to make trade between provinces easier, as a way to shore up the economy against the effects of American tariffs.

    Ontario to loosen internal trade, remove barriers on alcohol and labour mobility

    Green Party co-leader says removal from leaders' debates is 'undemocratic'

    Green Party co-leader says removal from leaders' debates is 'undemocratic'
    The stage will look different than originally planned Wednesday night, when Canada's major party leaders square off in the first of two nationally televised debates.

    Green Party co-leader says removal from leaders' debates is 'undemocratic'

    Vancouver attacker accused of biting off security guard's finger tip: police

    Vancouver attacker accused of biting off security guard's finger tip: police
    Police in Vancouver say a man has been arrested and charged after he allegedly bit off the finger tip of a security guard during an attack downtown.

    Vancouver attacker accused of biting off security guard's finger tip: police

    Here's a list of March inflation rates for Canadian provinces

    Here's a list of March inflation rates for Canadian provinces
    Canada's annual inflation rate was 2.3 per cent in March, Statistics Canada says. Here's what happened in the provinces

    Here's a list of March inflation rates for Canadian provinces

    Here's a list of March inflation rates for selected Canadian cities

    Here's a list of March inflation rates for selected Canadian cities
    Canada's annual inflation rate was 2.3 per cent in March, Statistics Canada says. The agency also released rates formajor cities, but cautioned that figures may have fluctuated widely because they are based on small statistical samples

    Here's a list of March inflation rates for selected Canadian cities

    PrevNext